When we call a capitalist society a consumers' democracy we… - Ludwig von Mises

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When we call a capitalist society a consumers' democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers' ballot, held daily in the market-place.

Ludwig von Mises

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About Ludwig von Mises

Ludwig Heinrich Edler von Mises (29 September 1881 – 10 October 1973) was an Austrian economist, philosopher, author and classical liberal who had a significant influence on the modern libertarian movement and the Austrian School of economics.

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Native Name: Ludwig Heinrich Edler von Mises

Alternative Names: Ludwig Heinrich Mises

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F.A. Hayek Milton Friedman Pyotr Kropotkin John Maynard Keynes Leonard Read

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Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.

The masses do not like those who surpass them in any regard. The average man envies and hates those who are different.

He who is unfit to serve his fellow citizens wants to rule them.

When we call a capitalist society a consumers' democracy we mean that the power to dispose of the means of production, which belongs to the entrepren… - Ludwig von Mises

About Ludwig von Mises

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